Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

I stop worrying about money when Mr Obatard took us to 19 trillion in debt.. Now our interest alone amount to a billion a day, owwwwww boggy boggy a BILLION dollars, GOD know not a BILLION, oh lordy lordy lordy, good god almighty a BILLION!

 

Sounds like A PATRIOTIC American.

 

OK this one is awarded the

 

Let us guess...............you bet ALL your money on Maximum Security didn't you? Well, in spite of the disqualification, you'll get another chance!

 

Shooting fish in a barrel. It’s sort of like Clinton and Obama supporters calling the Trump kids ugly - the left never looks at their own mud fences.

 

I live in this economy. I know how it is by experience, and I'm not seeing any economic miracle. No one I know is. Trump's miracle is an artificially inflated stock market and increased deficit spending.

 

That is a cold hard fact.

 

Exactly.

Trump and his rich buddies rape the system to line their pickets, and the average guy on Main Street gets an extra $20 a week in his paycheck.

Trump 101.:smh:

 

Man, I'm sorry, really I am.. I live in it to and it's balls to the wall here... I guess Minnesota missed the boat..

 

When congress got a look at Richard M.Nixon's tax returns lo andbehold they fou nd he owed ov er $500,000 that the IRS had overlooked.Nixon had to pay up the $500,000.

 

One of us is honest, the other a redhat.

 

Oh my, he's a bully.
Want some hot cocoa?

 

So you think only rich folks are making bank on the market, well that's just sad for you I have a friend that's up 400k since Trump took office! He took a buy out on his pension and invested it and is now sitting pretty.. Better luck next time man

 

You stay the course, clearly you and the others are not happy with your own game plans from what I read

 

Those of us in business know that every good steward of his money uses every legal means to show loss in order to minimize taxes. The run of the mill wage earner does not understand that reality and that is what the left counts on. If Trump was a terrible business man, how has he managed to hang onto the wealth he has?

 

There ARE NO miracles..........only fairy dust, reparations, open borders, universal income, freeshit university, and the rest of the rot you represent.

 

Absolutely. That’s why there are no liberal billionaires.

liberal logic 101. :smh.

 

“We don’t rely on American banks. We have all the funding we need out of Russia.”
https://www.vanityfair.com/news/2017/05/eric-trump-russia-investment-golf-course

 

What about one of the alt-right's favorite arch villains, George Soros?

 

Well played.

I set the trends.

I set the dialogue.

I originate the phrases.

Glad to see some of the RW following my lead.

Oh, and on topic, Trump is a Tax Cheat and a Fraud.

Carry on.

 

Not just our villain..........why not ask Hungary? Ever been there? Hard to free up a road sign where he's NOT vilified.

 

Liberals are his pawns

 

There's a dig difference between following a lead and mocking self-imposed talking points.

In fact, that leads pretty well into the OP, doesn't it? The Legacy Media sets the tone, and the result being many unfortunate unintelligent left-wing members following like Borg Drones.

 

So, he's a conservative?

 

Don't be so gullible. Billionaires don't become billionaires by being honest. PODS trump probably used those losses as a clever way to offset his profits and to avoid paying taxes. If the crook paid $10 in actual taxes for those years it is a miracle.

The relevant question is: How much did PODS trump actually pay in federal and state taxes for those years?

So far no one is asking that question.

Tax Loss Carryback and Carry Forward Explained
"A tax loss isn't necessarily all bad news. If you have a tax loss in one year, you might be able to use that loss to offset profits either in past or future years, to minimize taxes for your business in those years. Business owners have several ways to minimize taxes--legally, of course."
https://www.thebalancesmb.com/tax-loss-carryback-and-carry-forward-explained-398178

The net operating loss carryback and carryforward
Overview of the Net Operating Loss Carryback and Carryforward

"When a business reports operating expenses on its tax return that exceed its revenues, a net operating loss (NOL) has been created. An NOL can be used in some other tax reporting period as an offset to taxable income, which reduces the tax liability of the reporting entity. The basic rules for using an NOL are:

1. Carry the amount back to the preceding two tax years and apply it against any taxable income, which can generate an immediate tax rebate. You can waive this action and instead proceed directly to the next step; if so, attach a statement to your tax return in the year in which the NOL was generated, documenting the waiver.
   
   
2. Carry the amount forward for the next 20 years and apply it against any taxable income, which reduces the amount of taxable income in those years.
   
   
3. After 20 years, any remaining NOL is cancelled."
   
   

PODS trump is probably still using that loss today to put money in his pocket.